Mortgages. Legal news and articles for February 29 - 29, 2012

California attorney general seeks statewide mortgage protectionsDanish Bonds' Crisis Resilience Spawns Funding Risks: MortgagesFannie, Freddie Won't Write Down Mortgage PrincipalAG seeks statewide mortgage protectionsMortgage giant Fannie Mae asks government for almost $4.6 billion after ...AG seeks statewide mortgage protectionsBig banks could face mortgage fraud chargesMortgage Rates: Low Mortgage Rates Continue as Purchase Applications JumpWanted: Dallas Area Mortgage ProfessionalsAnother mortgage assistance program coming down the pikeClosingCorp Introduces SmartClosing Mortgage Calculator, Partners with Z57Mortgage Applications Decline in Weekly SurveyFHFA Reports Mortgage Interest RatesJPMorgan says may face SEC action on mortgage bondsJPMorgan says may face SEC action on mortgage bonds

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Mortgage Rates on 30 Year Home Loans Under 4.00%, 15 Year Mortgage Rates at 3.32%
MonitorBankRates.comFebruary 1, 2012

Mortgage rates on 30 year conforming loans are back under 4.00% after staying above 4.00% for the past week. Current mortgage rates on 30 year mortgages are averaging 3.99%, a decrease from yesterday's average 30 year mortgage rate of 4.05%.more »

Mortgage Rates for 30-Year US Loans Fall to Record-Low 3.87%
BusinessWeekFebruary 2, 2012

2 (Bloomberg) -- Rates for 30-year US mortgages declined to the lowest level on record after the Obama administration announced measures to make it easier for homeowners to reduce their monthly payments by refinancing. The average rate for a 30-year ...more »

Mortgages. News and Stories

California attorney general seeks statewide mortgage protections
San Jose Mercury NewsFebruary 29, 2012

By Don Thompson AP SACRAMENTO -- State Attorney General Kamala Harris promoted legislation Wednesday to reform the mortgage process in California and provide more protections for homeowners, three weeks after she secured $18 billion for California in a ...more »

Danish Bonds' Crisis Resilience Spawns Funding Risks: Mortgages
BloombergFebruary 29, 2012

Denmark's $470 billion mortgage bond market has proven resilient to the stresses of the country's real-estate slump, banking failures and Europe's sovereign debt crisis. Now the system's success is helping lenders and borrowers to take on greater risks ...more »

Fannie, Freddie Won't Write Down Mortgage Principal
NPRFebruary 29, 2012

by Yuki Noguchi Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. But two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, have not signed on to the idea. Despite some green shoots in ...more »

AG seeks statewide mortgage protections
KTVU San FranciscoFebruary 29, 2012

By DON THOMPSON AP State Attorney General Kamala Harris promoted legislation Wednesday to reform the mortgage process in California and provide more protections for homeowners, three weeks after she secured $18 billion for California in a nationwide ...more »

Mortgage giant Fannie Mae asks government for almost $4.6 billion after ...
Minneapolis Star TribuneFebruary 29, 2012

Article by: DEREK KRAVITZ , AP WASHINGTON - Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, DC-based Fannie said it ...more »

AG seeks statewide mortgage protections
San Jose Mercury NewsFebruary 29, 2012

State Attorney General Kamala Harris promoted legislation Wednesday to reform the mortgage process in California and provide more protections for homeowners, three weeks after she secured $18 billion for California in a nationwide bank settlement.more »

Big banks could face mortgage fraud charges
CBS NewsFebruary 29, 2012

COMMENTARY The SEC appears to be on the verge of doing what the Justice Department has yet to attempt -- prosecuting the biggest players responsible for the mortgage securities fiasco that trashed the US economy. The securities watchdog has sent ...more »

Mortgage Rates: Low Mortgage Rates Continue as Purchase Applications Jump
FreeRateUpdate.comFebruary 29, 2012

Current low mortgage rates continue to remain stable as purchase applications jumped for the week ending February 24th. Although the Mortgage Bankers Association Market Composite Index showed a decrease of 0.3 percent on a seasonally adjusted basis, ...more »

Wanted: Dallas Area Mortgage Professionals
MarketWatch (press release)February 29, 2012

29, 2012 /PRNewswire via COMTEX/ -- Adecco Staffing US, part of the world's largest recruitment and workforce solutions provider, has a wide range of employment opportunities for qualified mortgage professionals in the Dallas, Plano, Richardson and ...more »

Another mortgage assistance program coming down the pike
Pine Island EagleFebruary 29, 2012

There is news of yet one more mortgage assistance program coming down the pike compliments of the federal government, designed and sponsored by President Obama and paid for by we the people. In this one he claims that a fee of some kind to the ...more »

ClosingCorp Introduces SmartClosing Mortgage Calculator, Partners with Z57
MarketWatch (press release)February 29, 2012

LA JOLLA, Calif., Feb 29, 2012 (BUSINESS WIRE) -- ClosingCorp, a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, today introduced its SmartClosing Mortgage...more »

Mortgage Applications Decline in Weekly Survey
LoanSafeFebruary 29, 2012

(Source: MBA) - WASHINGTON, DC – February 29, 2012 — Mortgage applications decreased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 24 ...more »

FHFA Reports Mortgage Interest Rates
LoanSafeFebruary 29, 2012

(Source: FHFA) - Washington, DC – February 28, 2012 — The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ...more »

JPMorgan says may face SEC action on mortgage bonds
MSN MoneyFebruary 29, 2012

(Reuters) - JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial crisis. The largest US bank, in a regulatory filing on Wednesday, ...more »

JPMorgan says may face SEC action on mortgage bonds
ReutersFebruary 29, 2012

(Reuters) - JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial crisis. The largest US bank, in a regulatory filing on Wednesday, ...more »

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